Monroe Ultimate User Manual page 81

Monro-Manual-1-50
Assume you are interested in purchasing a home for $250,000. The interest rate is 6%. You want to
ENTER
250000
6
180
rate. You want to pay the loan off in 180 months (15 years). Solve for the amount you may borrow
ENTER
2000
6
180
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DEPRESS
DEPRESS
PRINT OPERATIONAL NOTES
IV
250,000.00 T
6.00 % Interest Rate
180.00M Term - Months
P
2,109.64M# Monthly Payment
PRINT OPERATIONAL NOTES
2,000.00M# P Monthly Payment
6.00 % Interest Rate
180.00M Term - Months
IV
237,007.03 T
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